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Polygon plans to redirect 70.49M POL tokens linked to Polymarket and Binance incidents to recovery wallets.

Protocol Fundamentals
05 Nov 2026, 15:44 WIB
Tokenpost
View Source
Neutral
Polygon plans to redirect 70.49M POL tokens linked to Polymarket and Binance incidents to recovery wallets.

A new proposal from Polygon aims to reallocate about 70.49 million POL tokens associated with incidents involving Polymarket and Binance to recovery wallets. This move is designed to recover tokens without changing the total supply of POL. The proposal reflects efforts to manage and rectify token issues tied to past events on these platforms, potentially improving trust and stability for POL holders.

Polygon's proposal to redirect about 70.49 million POL tokens provides context for readers following cryptocurrency developments. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 05, 2026 20:44 WIB: out of 50 major cryptocurrencies, 35 rose and 13 fell today. Notable movers include BCH at Rp5.215.552 with a 4.89% increase, ZIL at Rp31 down 4.80%, and CAKE at Rp36.015 up 4.31%.

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